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CMKX II new Thread. Get it while you CAN !
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[QUOTE]Originally posted by Earth_Shaker: [QB] The reasonable facts are enough to believe in CMKX! Most can't or have a hard time believing that something good can actually come their way. I guess like most of us after you get burned enough the tendency is to turn critical and cynical. Let's see if we can put aside the criticism, sarcasm, and look at reasonable amounts with no maybe's or speculations! Just a reasonable breakdown of what we know and we can go from there! Everytime some brings up substantial DD that the value of the company is significantly more than people can imagine they shoot it down and think the individual is a pumper. I know the A/S (Authorized Shares) is 500 billion shares. But we also know that in February the O/S outstanding shares was around 37 Billion. Just because 500 Billion are authorized doesn't mean they have been used. Retiring of Billions of shares has taken place and the PR's attest to it. Even if none has been retired since Feb and the O/S is still 37 billion or even twice that at 74 Billion (which I doubt) the pps is WAY UNDERVALUED! If we just take the Smeaton Property, regardless of the other 1.9 million or 3 million acres we have, the Smeaton property is 22,447 acres I believe. If you use the DeBeers valued property of approx. 50,000 acres at 40-80 billion dollars then we could reasonably assume that Carolyn and Smeaton is worth half of that at 20-40 billion. This alone when compared to the 37 billion O/S in Feb would make the pps worth approx .55 to 1.05. No hype, no asuming the other 1.9 or 3 million acres has anything or any value at all. On Carolyn and the Smeaton property alone we can reasonably expect to have a pps of .55 to 1.05 or if there is 74 Billion O/S we would still be looking at .28 to .52 cents for our pps on Smeaton and Carolyn alone!. And if there were 148 billion O/S we would still be looking at a pps of .14 to .26 on Carolyn and Smeaton alone! And if there were 300 billion O/S our pps would still be at .07 to .13 on Carolyn and Smeaton alone. Or if even a Max A/S for our O/S of 500 billion then our pps is still at .04 to .075 on Carolyn and Smeaton alone. I don't see how anyone can argue with that! Now as a bonus, lets do a VERY CONSERVATIVE CALCULATION! Debeers acreage is valued at around 70,000 per acre. Lets take one third of that and say CMKX acreage is only worth 23,000 per acre. When you multiply 23,000 per acre times 1.9 million (low side estimate of acreage) you get 43.7 Billion. With our acreage in Smeaton and Carolyn valued equal with Debeers and our additional acreage valued at only 1/3 of that of Debeers we arrive at a minimum pps of: Low end value compared to DeBeers: $20 Billion for Smeaton and Carolyn 43.7 Billion for remaining acreage [/QB][/QUOTE]
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